Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lowered its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,401 shares of the financial services provider’s stock after selling 605 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Atlanta Braves were worth $1,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BATRA. Cutter & CO Brokerage Inc. purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at approximately $390,000. Barclays PLC boosted its stake in shares of Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after buying an additional 12,775 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at approximately $901,000. Geode Capital Management LLC boosted its stake in shares of Atlanta Braves by 1.4% in the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock valued at $11,817,000 after buying an additional 3,798 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Atlanta Braves by 24.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock valued at $650,000 after buying an additional 3,074 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder John C. Malone purchased 2,760 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 47,692 shares of company stock worth $1,980,287. 4.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Stock Up 0.9 %

BATRA opened at $42.41 on Tuesday. The business’s fifty day moving average is $42.40 and its two-hundred day moving average is $42.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -58.10 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a one year low of $38.90 and a one year high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.